bearish bat on xbi

min target if close below 84 is 82.57 w/ max target of 78. we're currently near the .382 fib level 83.56 (xbi still has more room to fall).. This move is to test the previous resistances as support. same move spy made.. look at how the . 382 was previously resistances and we cleared that level. now it wants to test the support. this trade pair w/

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w/ AD at the bottom

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the AD is also showing a bearish cypher, at some point looking to retest B leg

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and when I over lay it w/ price action

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i get 78

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The AD is approaching the apex ,

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they are dumping their shares, call writers getting their premiums and will flip to put buyers...

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labd projection

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see the dumping in xbi

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labd set up

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labu levels im watching

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folks were buying into a rising wedge

this will carry over to the higher time frames

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x leg wont hold as future support

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Trade closed manually

taking profits added labu and xbi calls for long scalp..

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86.14 target and im off the long scalp

moneyflow_trader

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moneyflow_trader